Abu Dhabi, United Arab Emirates, July 24, 2024 - Rain Trading Limited (Rain ADGM) is pleased to announce the renewal of its partnership with Notabene, the industry leader in pre-transaction compliance solutions for the virtual assets sector. Known for its leadership in Travel Rule compliance within the region, Rain ADGM offers a reliable and secure platform for institutional and retail clients in the UAE to purchase, trade, and safeguard virtual assets. This renewed partnership with Notabene underscores Rain ADGM’s steadfast commitment to setting industry benchmarks in regulatory compliance, ensuring seamless adherence to Travel Rule and pre-transaction obligations.
Rain ADGM secured the Financial Services Permission (FSP) from Abu Dhabi Global Market's Financial Services Regulatory Authority in December 2022. Notabene’s SafeTransact platform was instrumental in this achievement, reinforcing Rain's status as the region’s leading regulated virtual asset trading platform.
Pelle Brændgaard, Co-Founder and CEO of Notabene expressed his enthusiasm about the collaboration, stating:
"We are delighted to join forces with Rain ADGM. Rain's compliance-first approach seamlessly aligns with Notabene's core values and our shared mission of cultivating a secure and trusted crypto industry."
Through the integration of Notabene's pre-transaction decision-making platform, Rain empowers its customer base with the confidence of secure and trusted transactions. The Notabene platform provides coverage for over 10,000 assets and offers robust support for over 300 wallets, ensuring an elevated level of protection. By harnessing the power of Notabene's SafeTransact platform and its cutting-edge automation tools, Rain is equipped to conduct real-time risk assessments on counterparties, significantly strengthening its capability to proactively detect and avert high-risk activities before they come to fruition.
"Rain ADGM is proud to collaborate with Notabene, a leading provider of regulatory compliance solutions. Our joint commitment to setting and upholding high industry standards for compliance regulations aligns perfectly with our mission. This partnership empowers us to ensure seamless Travel Rule compliance and pre-transaction obligations, further consolidating our position as a trusted and regulated virtual asset trading platform in the region." - Benjamin Grolimund, General Manager for Rain ADGM.
The collaboration between Rain ADGM and Notabene represents a pivotal step toward achieving greater regulatory clarity and security within the virtual assets industry.
About Rain
Rain was founded in 2017 by Joseph Dallago, AJ Nelson, Yehia Badawy, and Abdullah Almoaiqel. Rain ADGM’s affiliate, Rain Management W.L.L, based in Bahrain, is the first licensed virtual assets service provider in the Middle East in 2019 and is regulated by the Central Bank of Bahrain. Rain Trading Limited, the UAE subsidiary, became fully licensed and regulated in 2023 by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM).
About Notabene
Notabene is the crypto industry’s premier platform for pre-transaction decision-making, empowering customers to detect and prevent high-risk activities before they occur. With SOC-2 security certification and a strong focus on privacy and user experience, Notabene offers a comprehensive suite of features, including real-time authorization, decision-making, counterparty sanctions screening, and self-hosted wallet identification. Headquartered in New York, Notabene operates globally and has a presence in Switzerland, Singapore, Germany, and the United Kingdom.
Trusted by over 120 companies, including Copper, Luno, Crypto.com, and Bitstamp, Notabene’s flagship product, SafeTransact, provides a tailored suite of Travel Rule compliance tools aligned with global and local regulations.
Start for free with the world’s largest VASP Network at Notabene.id.
